Connecticut

Worth Avenue Capital funds $1.4 million acquisition loan for Conn. entrepreneur

Guilford, CT Worth Avenue Capital, LLC has closed a $1.4 million commercial loan to a Connecticut-based entrepreneur for the purpose of purchasing a luxury property on the shoreline. WAC structured the loan in a bespoke manner and tailored the loan to meet

Pearce Real Estate facilitates $3.2 million sale of Hickory Hill Orchards

Cheshire, CT Pearce Real Estate’s senior commercial specialist John Bergin has completed the sale of a property that will contribute to the continuation of a rich agricultural tradition

Coldwell Banker inks 50,216 s/f
headquarter lease for Timex Group

Shelton, CT Chris O’Hara, senior vice president of Coldwell Banker Commercial Realty, represented Timex Group USA, Inc. in the relocation of their corporate offices from Middlebury and Norwalk. A long-term lease for 50,216 s/f was completed with Windsor Management at 6 Armstrong Park.

Baldwin Pearson & Co. facilitates sale
of three mixed-use multifamily properties

West Haven, CT Daniel Shawah of Baldwin Pearson & Co., Inc. has facilitated the sale of three multifamily and mixed-use properties during December 2024 and January 2025. The properties involved in these transactions included 173 Elm St., a brick building with 12 apartments;

Horvath & Tremblay completes $5.176
million sale of newly constructed Chick-fil-A

West Haven, CT Matt Nadler, Bob Horvath, Todd Tremblay and Jason Woods of Horvath & Tremblay have completed the sale of a Chick-fil-A. Horvath & Tremblay exclusively represented the seller and procured the buyer to complete the transaction at a sale price of $5,176,470 which represents a 4.25% cap rate.

Stevens of Press|Cuozzo appointed to New Haven Middlesex Assn. of Realtors board of directors

Hamden, CT According to Stephen Press and John Cuozzo of Press|Cuozzo Realtors, Renee Stevens has been appointed to the board of directors for the New Haven Middlesex Association of Realtors for a two-year term.  Stevens is a commercial real estate specialist with Press|Cuozzo Realtors and she has 30 years of experience in management,

Marcus & Millichap sells 105,499 s/f grocery-anchored shopping center

Winsted, CT Marcus & Millichap has sold The Shops at Ledgebrook, a 105,499 s/f grocery-anchored shopping center. The property sold for $14.06 million. “In order to achieve the highest price on the income in place, we demonstrated the property’s upside potential to investors,” said Joseph French Jr.,

JPA Designs LLC expands services in real estate construction

New Haven, CT JPA Designs, LLC, a real estate construction industry, begins an expanded range of services. Spearheaded by real estate construction veteran John Adamowski, the company introduces comprehensive solutions for new construction homes and commercial real estate projects.

National Multifamily brokers
seven-building portfolio for $1.55 million

Bridgeport CT National Multifamily brokered the sale of a contiguous seven-building, 16-unit portfolio located on Granfield Ave. and Palisade Ave. to a New York-based investor for $1.55 million. The deal closed on January 10th. Company president Matt Cawley represented the seller and procured the buyer in the off-market transaction.

Saugatuck Commercial Real Estate represents Boot Barn in securing 11,000 s/f third location site

Milford, CT Dan Neaton of Saugatuck Commercial Real Estate (SCRE) represented Boot Barn in leasing their third Connecticut location at 1360 Boston Post Rd. The western-wear store plans extensive renovations to the interior of the former 11,000 s/f Rite Aid Pharmacy. Construction is planned to begin in early March with